QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Payment Data Systems, Inc. (PYDS) Achieves Record Transaction Growth For Month Of November 0 comments
    Dec 16, 2013 10:40 AM | about stocks: PYDS

    Payment Data Systems, an integrated payment solutions provider to merchants and billers, reports that it is experiencing considerable growth in transactions processed.

    For the month of November, the company reports an increase of 17 percent in electronic check transaction volumes, as compared to the previous month. In addition, the company reports an increase of 17 percent for returned check transactions, also compared to the previous month.

    The company recorded total dollars processed for November at more than $146 million, a new record for the company, beating out the previous record that was achieved in October 2013.

    With more than two weeks of the fourth quarter of 2013 remaining, Payment Data Systems reports that the quarter's electronic check transaction volumes were already up 497 percent and returned check transactions were up 2,334 percent, as compared to the third quarter of 2013.

    Management expects that the company will continue to see significant growth throughout the remainder of the year.

    "The fourth quarter of 2013 will be our best of the year resulting in dramatic, positive influences to all our financial metrics for the quarter," Michael Long, CEO of Payment Data Systems stated in the news release. "The significant transaction growth we are experiencing should allow us to record our highest revenue for any quarter of 2013. We are excited about our newly acquired customers and believe the increase in transactions should continue for the foreseeable future and will carry into 2014."

    For more information, visit paymentdata.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: PYDS
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.